The European Securities and Markets Authority has launched a consultation on proposed changes to the EU Market Abuse Regulation. MAR requires the European Commission to report on certain aspects of the operation of MAR, including where appropriate, making recommendations for legislative change. The proposals will mostly affect issuers of financial instruments admitted to trading or trading on a trading venue, investment firms and asset management firms. ESMA is holding a public hearing on the proposals on November 5, 2019, and the consultation closes on November 29, 2019. ESMA expects to submit its report to the Commission in Spring 2020.
ESMA's consultation includes discussion on those areas on which the Commission is required under MAR to prepare a report, the additional issues that the Commission has requested ESMA to assess and related topics that ESMA considers useful to discuss at the same time. These include:
View the consultation paper.
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